XLF, SRTY: Big ETF Outflows
ETF Channel Staff - Thursday, August 27, 10:52 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (XLF), where 38,750,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is up about 1.4%, and Berkshire Hathaway Class B (BRK.B) is higher by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Short Russell2000 (SRTY), which lost 500,000 of its units, representing a 19.6% decline in outstanding units compared to the week prior.